FLC Capital Advisors Acquires 76 Shares of Invesco QQQ $QQQ

FLC Capital Advisors grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 973 shares of the exchange traded fund’s stock after buying an additional 76 shares during the period. FLC Capital Advisors’ holdings in Invesco QQQ were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Elevation Capital Advisory LLC boosted its holdings in shares of Invesco QQQ by 147.6% during the 2nd quarter. Elevation Capital Advisory LLC now owns 32,269 shares of the exchange traded fund’s stock valued at $17,801,000 after buying an additional 19,238 shares in the last quarter. Orin Green Financial LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $215,000. Members Advisory Group LLC boosted its holdings in shares of Invesco QQQ by 4.6% during the 2nd quarter. Members Advisory Group LLC now owns 9,048 shares of the exchange traded fund’s stock valued at $5,001,000 after buying an additional 398 shares in the last quarter. Lyell Wealth Management LP raised its position in shares of Invesco QQQ by 10.4% in the 2nd quarter. Lyell Wealth Management LP now owns 4,956 shares of the exchange traded fund’s stock worth $2,734,000 after purchasing an additional 467 shares during the last quarter. Finally, Accretive Wealth Partners LLC raised its position in shares of Invesco QQQ by 22.7% in the 2nd quarter. Accretive Wealth Partners LLC now owns 2,282 shares of the exchange traded fund’s stock worth $1,259,000 after purchasing an additional 422 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

QQQ opened at $603.93 on Monday. The stock has a 50-day moving average price of $587.30 and a 200-day moving average price of $541.36. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.